Emerald Investment Advisers LLC Invests $11.83 Million in SiTime Corporation $SITM

Emerald Investment Advisers LLC bought a new stake in shares of SiTime Corporation (NASDAQ:SITM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,866 shares of the company’s stock, valued at approximately $11,829,000. SiTime makes up about 0.8% of Emerald Investment Advisers LLC’s investment portfolio, making the stock its 27th biggest position. Emerald Investment Advisers LLC owned approximately 0.05% of SiTime as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SITM. Rakuten Securities Inc. grew its position in SiTime by 188.5% during the fourth quarter. Rakuten Securities Inc. now owns 75 shares of the company’s stock valued at $26,000 after buying an additional 49 shares during the period. Parallel Advisors LLC raised its position in shares of SiTime by 26.2% in the first quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock worth $27,000 after acquiring an additional 16 shares during the period. Larson Financial Group LLC boosted its stake in shares of SiTime by 3,200.0% during the 3rd quarter. Larson Financial Group LLC now owns 99 shares of the company’s stock worth $30,000 after acquiring an additional 96 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of SiTime during the 1st quarter worth about $33,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of SiTime during the 4th quarter valued at about $33,000. 84.31% of the stock is owned by hedge funds and other institutional investors.

SiTime Stock Up 2.7%

SITM stock opened at $614.83 on Friday. The stock has a market capitalization of $18.49 billion, a P/E ratio of 1,254.76 and a beta of 2.94. The firm has a 50-day simple moving average of $633.50 and a 200-day simple moving average of $550.49. The company has a quick ratio of 18.50, a current ratio of 19.44 and a debt-to-equity ratio of 1.29. SiTime Corporation has a 52 week low of $221.52 and a 52 week high of $901.81.

SiTime (NASDAQ:SITM) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.39. The firm had revenue of $157.43 million during the quarter, compared to the consensus estimate of $146.46 million. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The company’s revenue for the quarter was up 126.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 EPS. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Equities analysts forecast that SiTime Corporation will post 6.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. UBS Group lifted their price target on SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. The Goldman Sachs Group reissued a “buy” rating and issued a $900.00 price objective on shares of SiTime in a report on Thursday, August 6th. Weiss Ratings restated a “sell (d-)” rating on shares of SiTime in a research report on Friday, July 17th. Zacks Research raised SiTime from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Finally, Roth Capital reiterated a “buy” rating and set a $900.00 target price on shares of SiTime in a research report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $706.67.

Insider Activity at SiTime

In other news, Director Torsten Kreindl sold 1,050 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $721.67, for a total value of $757,753.50. Following the transaction, the director owned 12,481 shares in the company, valued at $9,007,163.27. This trade represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Edward H. Frank sold 1,000 shares of SiTime stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $745.00, for a total value of $745,000.00. Following the completion of the sale, the director directly owned 10,999 shares in the company, valued at $8,194,255. This represents a 8.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 68,340 shares of company stock worth $49,029,718 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

SiTime Company Profile

SiTime Corporation is a fabless semiconductor company specializing in silicon timing solutions that leverage micro-electromechanical systems (MEMS) technology as an alternative to traditional quartz crystals. Its portfolio of programmable oscillators, resonators, clock generators, jitter attenuators and network synchronizers addresses precision timekeeping requirements across a wide range of electronic systems. By integrating MEMS resonators with advanced mixed-signal control circuitry, SiTime’s products offer enhanced reliability, resistance to shock and vibration, and a smaller footprint compared with conventional quartz devices.

The company’s timing devices serve diverse end markets, including telecommunications infrastructure, data center and enterprise networking, consumer electronics, automotive systems, industrial automation, and aerospace and defense applications.